Wood Production Growth Driven By Housing, Green Energy Markets

Global production of all major wood products grew for the sixth consecutive year in 2015, while trade in wood products decreased slightly, according to new data published by the Food and Agriculture Organization of the United Nations. The increase was mainly boosted by the continuous economic growth in Asia, a recovering housing market in North […]

Global production of all major wood products grew for the sixth consecutive year in 2015, while trade in wood products decreased slightly, according to new data published by the Food and Agriculture Organization of the United Nations. The increase was mainly boosted by the continuous economic growth in Asia, a recovering housing market in North America and scaling up of the bioenergy targets.

In 2015, growth in the production volume of wood products ranged from between 1 to 8 percent, according to the FAO data. At the same time, global trade value in primary wood and paper products shrank slightly from $267 billion in 2014 to $236 billion in 2015, due to lower prices for wood products. Production of forest products has been healthiest in Asia-Pacific and North America, due to a growing housing market.

Growing demand for bioenergy, driven by renewable energy targets and policies in Europe, prompted an explosion in wood pellet production with a 10-fold increase in production in the last decade. In 2015, global production of pellets soared to 28 million tons. This represents an 8 percent increase from the previous year’s level of 26 million tons and a 42 percent increase from the 20 million tons produced in 2012.

The Baltic states (Estonia, Latvia and Lithuania), which produced and exported three million tons of pellets in 2015, overtook Germany and Canada and together emerged as the second largest producer and exporter of pellets after the United States. In 2015, the Baltic states accounted for 11 percent of production and 17 percent of exports globally. Canada is now the third biggest pellets exporter and the fourth biggest producer after Germany.

The global markets of pellets were dominated by Europe and North America, with the US and Canada accounting for over one-third of global pellet production, and the UK, Denmark and Italy accounting for some 80 percent of global pellet imports (UK alone 42 percent).

From ProudGreenBuilding.com: https://www.proudgreenbuilding.com/news/wood-production-growth-driven-by-housing-green-energy-markets/

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